Private Capital Management LLC Raises Holdings in Phillips 66 (NYSE:PSX)

Private Capital Management LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,794 shares of the oil and gas company’s stock after buying an additional 1,130 shares during the period. Private Capital Management LLC’s holdings in Phillips 66 were worth $1,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Argyle Capital Management LLC increased its position in Phillips 66 by 6.1% during the 4th quarter. Argyle Capital Management LLC now owns 19,937 shares of the oil and gas company’s stock valued at $2,271,000 after purchasing an additional 1,151 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Phillips 66 by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,384 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 103 shares in the last quarter. Fort Sheridan Advisors LLC increased its holdings in Phillips 66 by 3.7% during the fourth quarter. Fort Sheridan Advisors LLC now owns 2,983 shares of the oil and gas company’s stock valued at $340,000 after buying an additional 107 shares during the period. Linscomb Wealth Inc. raised its stake in Phillips 66 by 7.0% in the fourth quarter. Linscomb Wealth Inc. now owns 5,583 shares of the oil and gas company’s stock worth $636,000 after buying an additional 365 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Phillips 66 during the fourth quarter worth $16,771,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PSX has been the topic of a number of analyst reports. Barclays cut their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company lifted their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. UBS Group decreased their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. StockNews.com upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Trading Up 1.6 %

Shares of Phillips 66 stock opened at $127.39 on Friday. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The firm’s 50 day simple moving average is $120.21 and its two-hundred day simple moving average is $126.90. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $51.94 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the company earned $3.09 earnings per share. Analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s payout ratio is 93.12%.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.